Onsite Course
Dec 16, 2019 - Dec 18, 2019
09:00 - 14:30
230 Works, Triq Il-Kungress Ewkaristiku, Mosta
8 Students Enrolled
Price€150
Payment MethodBook Now

This workshop will be split into 3 in-depth sessions involving several practical case studies focusing on S.L.281.05, General Accounting Principles for Small and Medium-Sized Entities (GAPSME). The workshops are aimed at getting a detailed understanding and application of GAPSME both at financial accounting and financial reporting levels.

The course will focus on:

  • The general applicability of GAPSME
  • Recognition, measurement and disclosure requirements of several areas comprising:
  • Property, plant and equipment
  • Investment property
  • Intangible assets other than goodwill
  • Leases
  • Government grants
  • Financial assets, financial liabilities and equity
  • Investments in subsidiaries, associates and joint ventures
  • Impairment of assets
  • Revenue and construction contracts
  • Inventories
  • Income taxes
  • Provisions and contingencies
  • Discontinued operations and assets held for sale
  • Accounting policies, estimates and errors
  • Foreign currency translation
  • Post balance sheet events
  • Related party disclosures
  • Transition and adoption of GAPSME

After completion of the workshop, participants should be able to:

  • Understand the structure of the framework
  • Apply relevant GAPSME Sections to key elements of financial reports
  • Identify and apply disclosure requirements for companies in their financial reports.
  • Prepare financial statements under the small regime and medium regime.

Audience:  These workshops are ideal for accountants, finance or tax professionals who need a comprehensive and practical guide to GAPSME. The workshops are also intended for students who unfortunately do not have the opportunity to study GAPSME during their studies.

Dates: Monday 16th December, Tuesday 17th December, Wednesday 18th December

Time-table: (applies for Monday, Tuesday and Wednesday)

8:45  –   Registration

9:00 –   11:00 Part 1

11:00 – 11:15 Coffee break

11:15 – 13:00 Part 2

13:00 – 13:15 Coffee break

13.15 – 14.30 Conclusion and question time

CPE Accreditation:

15 core hours

Tutors:

John Debattista and Paul Zammit

Who is this workshop for?

These workshops are ideal for accountants, finance or tax professionals who need a comprehensive and practical guide to GAPSME. The workshops are also intended for students who unfortunately do not have the opportunity to study GAPSME during their studies.